The Congressional Budget Office lowered its forecast for U.S. economic growth this year

Odaily Planet Daily reported that the Congressional Budget Office of the United States released its latest economic outlook report on the 12th, lowering its forecast for US economic growth this year, while raising its forecast for US inflation and unemployment this year. The report of the Congressional Budget Office pointed out that the US real GDP will grow by 1.4% in 2025, lower than the agency's forecast of 1.9% in January this year. At the same time, the inflation rate will rise to 3.1%, nearly one percentage point higher than the 2.2% forecast in January. The report also showed that the US unemployment rate is expected to reach 4.5% in the fourth quarter of 2025, higher than the 4.3% forecast in January. The report said that the main factors that led the US Congressional Budget Office to change its forecast data included the tax and spending bill introduced by the United States this year, higher tariffs, and a decrease in net immigration to the United States. (Jinshi)